The Great Eastern Shipping Company Limited share price

NSE: GESHIP · ISIN INE017A01032

Key numbers

Market cap: ₹ 21,105 Cr
Current price: ₹ 1,497.20
52-week high / low: ₹ 1,798 / 971
Stock P/E: 5.7
Book value: ₹ 1,188.1
Dividend yield: 3.85%
ROCE: 18.3%
ROE: 18.8%
Debt to equity: 0.06
Sales growth (3 yrs): -1.6%
Profit growth (3 yrs): 4.5%
1-year return: 45.5%

About The Great Eastern Shipping Company Limited

The Great Eastern Shipping Company Limited, through its subsidiaries, engages in the shipping and offshore businesses in India and internationally. The company is involved in the transportation of crude oil, petroleum products, gas, and dry bulk commodities. It also operates a fleet of 40 vessels comprising 26 tankers, including 5 crude carriers, 17 product carriers, and 4 LPG carriers; and 14 dry bulk carriers comprising 2 capesize, 9 kamsarmax, 2 supramax, and an ultramax with an aggregating 3.20 million dwt. In addition, the company offers offshore oilfield services, which include the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs. The Great Eastern Shipping Company Limited was incorporated in 1948 and is based in Mumbai, India.

Quarterly results

Consolidated figures in ₹ crores

	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,201	1,242	1,454	1,511	2,005
Operating profit	431	431	555	561	1,092
Net profit	505	581	813	1,044	1,309
EPS (₹)	35.34	40.72	56.91	73.13	91.68

Concall summary (2026-08-11)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

So for capacity expansion, we will wait for prices which we think will enable us to make a good return in the long term.
We don't have a policy as such, which is on a target or a target price or a target multiple.

Growth & demand

The order book for VLGCs is currently at 35%, which is a huge number for product tankers continues to be at about 20%, 21%, while bulk carriers are at about 14%, having picked up from about 10% to 12%.
So just on that last statement on the prolonged undersupply, you may have seen the order book data and the order book has increased very, very dramatically over the last 12 to 18 months, especially for crude tankers, not so much for bulk carriers, but crude tankers and a little bit in product tankers and LPG as well.

Margins & costs

So we have 1 repricing , 2 repricings have happened in the last 3 months.
The second is a time charter, which is coming off now and where we've already got the repricing done, which is at about 25% to 30% higher than the previous charter rate.

Capex & expansion

And some of the power plants are able to switch from LNG to coal and therefore, some replacement of that demand took place, which means more coal transportation.
About 25-26% of our capacity is currently on time charter.

Balance sheet & cash

We also announced our 18th consecutive interim dividend of INR 14.40/share, again, our highest ever quarterly dividend.
And these are the dividends that we paid out over the last 4 years plus, a very strong dividend payments over the last 4 years because the markets have enabled us to make a lot of profit.

Peers in Marine Shipping

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